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Thursday, March 29, 2012

Employment

News                                                                                                                             
Bloomberg | Jobless Claims in U.S. Decline to Lowest Since April 2008
The number of Americans seeking unemployment benefits dropped last week to the lowest level in almost four years, adding to evidence of an improving U.S. labor market.
CNN Money | 3.1 million 'green jobs' number casts a wide net
The 3.1 million "green jobs" the government reported last week was a large number -- it's nearly five times the number of people that work making cars and trucks and over half the amount employed in the construction industry.
Bloomberg | German Jobless Fell in March as Economy Showed Resilience
German unemployment fell more than forecast in March, adding to evidence that growth in Europe’s biggest economy is gaining traction as the debt crisis recedes.

Econ Comments & Analysis                                                                                            
CRS | Emergency Unemployment Compensation (EUC08): Current Status of Benefits
The temporary Emergency Unemployment Compensation (EUC08) program may provide additional federal unemployment insurance benefits to eligible individuals who have exhausted all available benefits from their state Unemployment Compensation (UC) programs. Congress created the EUC08 program in 2008 and has amended the original, authorizing law (P.L. 110-252) 10 times.

Blogs                                                                                                                             
Calculated Risk | The long term impact of unemployment
Our economic malaise has spurred a wave of research about the impact of unemployment on individuals and the broader economy. The findings are disheartening. The consequences are both devastating and enduring.